Gransnet forums

Legal, pensions and money

Income tax for pensioners should not exceed £4,000 per year.

(218 Posts)
HUNTERF Tue 12-Mar-13 21:51:42

As people who are receiving higher occupational pensions have often paid a lot of income tax during their working lives should they put a limit of £4,000 a year on the amount of income tax to be paid by any one pensioner per year.

Frank

HUNTERF Tue 12-Mar-13 23:06:40

Ana

I am making the NHS take responsibility for the care costs not the council.

Frank

HUNTERF Tue 12-Mar-13 23:04:53

Galen

We had to pay for our pensions at the London rate so we are entitled to have them paid at the London rate regardless of where we choose to live after retirement.

Ana Tue 12-Mar-13 23:03:10

Just think, Frank - all that tax you're paying is also paying towards the care costs of those eldery folk you're persuading councils to take responsibility for! Every cloud....grin

Galen Tue 12-Mar-13 23:01:13

As the pension you receive was based on your London salary, which allowed for a London allowance, now that you are not London based should it not be proportionally reduced?

HUNTERF Tue 12-Mar-13 23:00:59

Hi Galen

I am not including council tax.

gracesmum Tue 12-Mar-13 22:59:40

Frank why do you have to be such a bl***y snob about the fact that you worked in London? As the lady in the song says "That don't impressa me much."

Galen Tue 12-Mar-13 22:58:06

You are including council tax then. That is not income tax and is a separate issue!

gracesmum Tue 12-Mar-13 22:57:38

But manifestly fair if ex- anywhere else employees not only pay loads of tax but have to pay a pension back to HMRC because they are not worthy to receive?

To answer your question to Ana - yes it is fair that you and they pay your (probably) basic rate pension on all income above the allowance limit set for you and everybody else.

Bez Tue 12-Mar-13 22:57:28

Would that be because they are paid more than anywhere else in UK?

Ana Tue 12-Mar-13 22:57:08

I can actually see your point, Frank, but you should just be grateful that you have such a huge London pension.

HUNTERF Tue 12-Mar-13 22:55:57

Galen

London employees pay the highest amount of tax per person in the UK especially one's employed within the square mile.

Frank

HUNTERF Tue 12-Mar-13 22:53:47

Hi gillybob

Where is this shop. I will take my custom elsewhere.

Galen Tue 12-Mar-13 22:53:29

London employees pay the same tax as anybody else!

Bez Tue 12-Mar-13 22:53:10

YES YES YES - if you were paid that sort of money

HUNTERF Tue 12-Mar-13 22:52:06

I hear what you are saying Ana but is it fair some of us ex London employees will pay more in tax than what we will get in State pension.

Frank

Galen Tue 12-Mar-13 22:52:01

I think it was posted by GN members? Correct?confused

Bez Tue 12-Mar-13 22:51:31

Anywhere in the world would want your London pension money if you wanted their goods or services. These places never mind where the money comes from they just want to relieve you of it confused

gillybob Tue 12-Mar-13 22:49:47

Frank I distinctly remember seeing a sign in a shop (I think it was in Birmingham) saying Go home Frank and take your pension with you

Ana Tue 12-Mar-13 22:48:58

Frank, you ask "Why should people pay a higher amount just because they have a higher income?."

Because that's the way income tax works. Surely you knew that?

Galen Tue 12-Mar-13 22:48:21

I don't call MK the midlands! They stop at about the Warwickshire border! You're soft south GMsunshine (I wish) hmm

HUNTERF Tue 12-Mar-13 22:46:29

Hi gracesmum

I moved from London to the Midlands when I retired to re join my family. Shops etc in the Midlands do seem to want my London pension money.
Think. I am helping the Midlands economy.

Frank

Ana Tue 12-Mar-13 22:46:11

Frank, I was asking whether your second post was a joke@

"O'h you think the limit should be £3,000 or less than that."

Obviously not....hmm

gillybob Tue 12-Mar-13 22:46:00

Oh Frank what are you trying to prove? Are you suggesting that someone earning £15,000 per year should pay the same income tax as someone earning £150,000 per year or £ 1.5 million???

confused

Bez Tue 12-Mar-13 22:44:52

I think the people paying all the tax should thank the education system they went through for allowing them to gain the knowledge they needed to earn the money to pay the tax.

gracesmum Tue 12-Mar-13 22:42:41

Gosh does the government control the weather too? grin What have they got against us in the Midlands? Of course....that's why it isn't as cold in London where all the psoh people livegrin